World cotton prospects


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World cotton prospects
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v. : ; 27 cm.
United States -- Bureau of Agricultural Economics. -- Division of Statistical and Historical Research
Bureau of Agricultural Economics, Division of Statistical and Historical Research.
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Subjects / Keywords:
Cotton trade -- Statistics -- Periodicals   ( lcsh )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )


Dates or Sequential Designation:
- C-133 (Oct. 1936).
General Note:
Reproduced from typewritten copy.
General Note:
Description based on: C-59 (June 1930).

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University of Florida
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oclc - 30588060
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Bureau of' Agri11LUr'..l Zcononics
'i'.;iin:' ton

C-64 .'OEID CuTTO' "OCSPCTS "Tvenber 1'.30C

The improvement in the domestic cotton textile industry in "e-temn-

ber and October toCether with slight improvenonts in sone of the foreign

countries have been strengthening, factors in T.he cotton price situation

during the post nonth. The u-ice of all important rrowths both in the

American and the Live-pool markets, with the exception of 'gypti-'n lUpers,

rnade a net gain from October 14 to November 14 of 0.51 to 0.1l cents per

pound. Prices of middling 7/6 inch cotton in the 10 mr:or-ts grined C..lI

cents during this period and on Novembe. 14 was 10C.2 counts. In I'ew York,

prices of American spots gC-ine. 0.70 cnts and in Liverpool 0.51 cents per

pound during this period. In the Liverpool market Etgyptian S:;kcllridis

made the smallest not gain whi':- amounted to 0.21 cents while Indian Oonrs

No. 1 mode the largest Gain, 0.91 cents. Prices of futures contracts for

American cotton in the New Yeor::, No;' Orleans, and Liverpool markets incrors-

ed 0.50 to 0.83 conts per pound during t'.- period with thi greatest in-

creases in the nore distant months.

The world visible supply on Iiovnmbur 14 amounted to nbou.t 9.1 million

bales compared with 7.3 million and 6.6 million b:.los on tl. corresponding

dates of 1929 and lJ2, -ruspeetively. The visible suoply of American cotton

on this da=c amounted to 7.1 million br.l: o:- a'out 20.4 ancd 42.0 per c-nt

above lest yar and the year before .:':.ile the visible of all other

growths was 11.6 and 24.6 p-r count move th- t';o previous years.

Exports of raw cotton during. October rnountud to ahout 1.0 million

bales com)nr.:d ith 1., million b-l.s during Octob,;r 19-. _nd exports for

- 2 -

the first 3 months totaled about 2.3 million bales against 2.2 million bales

during the same period last yuur. Total exports for the season up to Novem-

bor 14, however, have dropped blow those during the corresponding pe-iod

last season.

Ths totLl into-sight r ove;. .nt for thu first three months this season

was about 500,000 bules below the, sir... period last year, while innings

were only 28,000 bales blow a y:;r crli.r which indicates a considerable

inclination among the farmrs to hold their cotton.

The domestic cotton toxtil, industry showed still further inprove-

mnnt during October with consumption of raw cotton amounting to 444,000

bales, an increase of 50,0CO bal.Js over Scpt.-nb.rr compared with an average

seasonal increase of 35,000 bales. October was the fourth consecutive

month for which sales of standard cotton cloth were above shipments-and

shiipmnts above Troduction, resulting in a continuous incrcsso in unfilled

orders and a continuous decrease in stocks.

The dovolo mounts in the textile situation in Europe during theo past

month brought no material improvmn.nt. There was however, limited seasonal

improvement in Czechoslovakia, Austria, Poland and Italy. In Jr-pan and

China conditions in the textilJ situation have shown sorrm imurovoment,

which in J: pn is to be attributed largE.ily to the 30 per count reduction in

mill output.

'.'ith th November Jstimate of the 1930 crop at !9,4539,000 bales, or

48,00C bales b.;low th.; Octob3r forcc:st, there-, has b.3n little significant

cha-nge in the prospective, supply for this season. Ginrings to llovombar 1

were slightly bolow lost y:eur, hill previous r- jorts hcv, shown innings

above. last year.




The improvement in the domestic cotton industry for September and
October with slight improvements in foreign countries has
been a stimulating factor in tne cotton price situation during the past
month. The rice rf spot cotton in the nAmrican iiairk'ts showed a net gain
of 0.47 cents to 0.50 cents pound from October 14 to November 14, with
the average of the teln irL.ets on november 14 at 10.23 cents, 0.61 cents
per pound above October 1D.. n-. greatest gain was made in the Montgomery,
Alabama market whiic t'e f 6l.?::t gain was :ade in Little Rock, Arkansas.
New York s-ots ,L.incd 0.7.' cuzit and on jiovun ber 14 the price was 11.15
cents per pound.

In Liverpool spot prices of all'important growths with the exception
of _Eypti,.m U.-pers r.ade a net gain during this period of 0.31 to 0.91
cents per pound. ,Z'ptian SJ:.ellaridis made the smallest net gain which
amounted to 0.31 cents while Indian Oomra iTo. 1 made the largest gain,
0.91 cents. Brazilian'and Peravian cotton made net gains of 0.60 to 0.61
cents per pound. American middling in Liverpool gained 0.51 cents per
pound during, this period and on ilovember 14 amounted to 12.13 cents per
pound. 2iyptian Uppers made a net decline during the period of 0.28 cents
and the price on Iovember 14 was 13.71 cents per pound. Other spot prices
in Liverpool on november 14, in cents per pound, were as follows: Egyptian,
fully good fair, Sakellaridis 19.67, Indian Sind 8,11, Indian Oomra iio. 1
8.72, Brazilian Ccara 11.92, Peruvian Tanguis 12.23.


Prices of futures contracts in the Wew Yor:, iTew Orleans, and Liver-
pool markets increased 0.50 to 0.83 cents per pound from October 14 to
ITovember 14. The active months in 14ew Orleans increased 0.50 to 0.71 cents
per pound, in Ucw York 0.55 to 0.74 and in Liverpool, 0.75 to 0.83 cents
per pound. The greatest increases in all of these. markets were made in the
more distant months with the nearer months showing the smallest increases.

Stocks and movements

i7orld visible suoply

The total world visible supply on Ilovember 14 amounted to about
9,089,000 balcs compared with 7,265,000 bales and 6,592,000 bales on the
correspondinL dates in 1929 pnd 1928, respectively. The visible supply of
American cotton on Novenber 14 this yer.r amounted to 7,137,000 bales and
was 1,621,000 boles or 29.4 per cent above last ,year and 2,112,000 b.-les or
42.0 per cent above the corresponding date in 1926. The visible of all
other growths on iyovember 14, 1930 amounted to 1,952,000 bales, 203,000
bales or 11.6 per cent above 1929 and 385,000 bales or 24.6 per cent above 1928.

The greatest increase of the visible supply of Ainrican cotton this
year as with the last t'o years is in port stocks in the United




States. Tie .,rctcst increase in visible s-upply of other cotton was in stocks
at Alex.ndric., Jjypt.

T-.ble 1.- Cotton: .iorld visible supply of American and other
growths oir November 14, 1928, 1929 and 1930

Kind ct:d location of stocks : 1928 1929 1930

: inning Running : Running
Amoricma : b-les bales bales
Gre-t Britain ..................: 347,000 : 303,000 z 324,000
Continentcl ....................: 629,000 : 590,000 : 629,000
Afloat for -'iropc ..............: 789,000 : 714,000 : 558,000
United Statcs:
Port stocks ..................: 2,158,992 : 1,499,364 :: 3,941,847
Interior stocks ..............: 1,099,921 1,409,376 : 1,684,197
Exports todoy (1ov. 14).......: 786 : -- : --
Total Amrorica. .............: 5,024,699 : 5,515,740 7,137,044

r'ast Indian Brazilian, etc.:

Great Britai ..................: 280,000 : 412,000 : 454,000
Continental ......................: 60,000 : 83,000 .- 206,000
Indian &floa.t for '-hrope ......: 91,000 : 115,000 : 159,000
2gypti, 3rzililcn, etc,afloat : 117,000 : 140,000 : 109,000
Alcxaidi,"., 2lypt ..............: 396,000 390,000 629,000
Bombay, Inr.'ia ..................: 623,000 : 609,000 : 395,000
Total a-st Indian, Braziliza :
etc. .................. ....: 1,567,000 1,749,O30 :1,952,000
Total visible supply .........: 5,591,399 : 7,264,740 9,089,044

Compiled from thn Connercial and Financial Chronicle.

Exports of Amnriccrj cotton

exportss of raw cotton during October amounted to about 1,004,000 running
bales comp-rcd ..-ith 903,000 b-los during September and 1,251,000 bales dirint
October 1929, .according to the 3ureau of the Census. Exports for the first
three months this season totaled 2,273,000 bales against 2,203,000 bles
during the same period last year. E-xports for the three months this.seasoh,-.
to France ..d Grr.ncny were above last season, whereas exports to other aro-.
pc n countries, including Italy and Great Britain, and to Japan were below
last ye r. Since the end of October exports for the season have dropped.
below those of last season. exports from August 1 to November 14 this year .
tot-led 2,682,000 ba.les with 2,767,000 bales during, the same period.
last y-zr rccordi;i, to the reports of the i:ow York Cotton 'xchangbe.



Impo.rts of foreilm cotton

Imports of foreign cotton dur .:- Octob'r unaoutcd to only ,'/-47
bales of 5C0 pounds cross compared with ,',3'.?4 balrs during Seteib:r uani
19,815 bales darin; October 1929. Imports the first three months this
season totaled 11,042 bales cominirod with 6,.,582 bales during the cn-,'oe
period last ;ear. Imports fro.n China alone were .above ,.st c-ir. Irfl',orts
from '"-'pt for the three months ended October 31, 1930 waounted to only
25 bales compared with a total of 37,482 balus during these there, ino.ith.s
in 1929.

Into sight, oort receipts, inill ta:ings, etc.

The into sight movement d'iring Octcber, 1930 amounted to about
3,670,000 r-unning bales compj..:-.1 wit.i -,1,4,000 bales in October, 1929
and 3,927,000 bales in October, 192', according to the report of hce :Tew
Orleans Cotton Zxchange. The total into sijht movementt for the first three
months this season amou nted to 6,944-,000 bales cormpareil with 7,43.,000
bales during tnece three months last year. As pointed out last month this
seems to indictc. that there is considerable inove'.ment Acrong' the farmers
to hold t-2ir cotton for hig-her Port receipts rin1 October .anount-
ed to 2,132,000 bales against 2,393,U'.j bales during October, 1E29 and
2,510,000 in Octobcr, 1928. The over'srLd mov.inent during October totaled
108,000 boles compared with 196,000 L.-.'s a year ago. Fill ta-ings dur-
ing the month of Qctober were 774,000 bales or 267,000 bales below October
last year. :.'ill toakinis the first three months tiis season totaled
1,402,000 b,.lcs compared with 2,031,000 bales during th~e corresponding period
last season. Stocks at ports anid interior towns at the Ond of October,
1930 were 5,679,000 bales or 1,524,000 b.les above the year curlier.

Tc.tilc Situation

United States

The cotton textile industry sho07ed still further improvement in
activity during Octobjr with conswauption of raw cotton showing ri increase
of 50,000 bc.lcs over September and wos 92,000- b.les above Auiast, .ccrding
to the Bureicu of the Census. Th-e 444,000 bcles consunim.'l during, October was
196,000 b-lcs below October 1.29 rnd 172,000 b-.les below October 1928 nid
was thn lowest for the month since October 1920. The 0C,000 bale incrc-se
of October over September was more thu- seasonal sinco during the nine
years 1920-21 to 1928-29 the increase :.?s .vcrcaed bout 35,000 b.lcs.
Consuimption the first ..ree i..Lnt;l: this sea..son rfnounted to 1,Sl,0j00
bales with 1,744,000 ba.1ls -. i 1,634,000 bales d-ring trih corresoond-
ing period last ;ear and the ye,--.r before. w-s a further imnrovcment reported in the standard cotto:- cloth
section of the cotton textile industry during, October, For the fa.rth
consecutive month sales wero above sh::i, :.nts ar.d shipments were above produc-
tion resul.ltina in c. continuous inci'rt 's in unfilled orders and a continuous
decrease in stoc::s. Production of c:.- rLn cloth during: October was at
. wee'-l-y .vcrroe rate of 45.3 milli:. ;c-ds, 0.2 million yards above the
we&:DlL 0." mlon yards aoet..


weekly average production during September, but 25.0 million yards or
35.3 oer cent below the weekly average during October c yc.r ago, accord-
ing to the Association of Cotton Textile Merchants of Now York. Sales
of cotton cloth during October' averaged 67.2 million yards per week
or 146.7 per coat of production end shipments avrrged 54.1 million yrrds
which was equivalent to 118.1 per cent of production. -This resulted in
an increase during October of 22.9 per colt in unfilled orders end a
docrsese of 10.6 per cent in stocks oe- hand. Stocks on hrad at tie end
of October amounted to 350.9 million yards which was the lowest since
September 1929, while unfilled orders wore the largest since last April,
eamountini, to 350.8 million yards.

Great Britain

Reports from Great Britain during the past month indicate little
improvement, although exports of both cotton piece goods and yarns during
October increased somewhat more thnn the seasonal average. Piece goods
exports emountced to 150.3 million square yards or 7.6 million square yards
above Sept ember, but was 115.5 million square yards below October 1929.
This increase of 7.6 million square yards during October over September com-
pares with a average increase during the past 10 years of 2.9 million
square yards. Exports of cotton yarns during October increased 2.6 million
pounds favor Scpteihber amounting to 11.7 million pounds cad was 1.8 million.
pounds below October last year. The 10-yoar average exports of yarn dur-
ing October over September counted to 1.8 million pounds.

Continental Zurope i/

October developments in the continental cotton textile industry,
on the whole, have brought no significant change in the rate of raw cotton -
conswrumption s compared with September, nor have prospects for a real
and early pick-up in orders and activity becomer any brighter. The in-
dustry ncd the cotton goods trade continue depressed by price uncertainty
and reduced demand practically everywhere except in Fr-ece, notafitlBtading
reduced goods stocks and the recognitedl; low prices of raw cotton.

There ho.s been a limited seasc:al improvement in mill sales of
yarn ?nd cloth reported in parts of CzechoslovkJia, Austria and Poland
during September a d October, and possibly a slightly better pick-up in
Italian business for both export and domestic account, but these develop-
ments are more then offset by -the failure of any seasonal betterment to
develop in Germany, Belgium ond other countries There appears to be as
yet, therefore, little sign of revival or quickening in the distribution
end of the industry.

1/ Based on .report dated October 25, 1930 from Agricultural Commissioner
L. V. Stoere at Berlin, supplemented by caobl iloveraber 4.

.:... :. i:



C-F-.4 7 -

M.ill activity. over the Continient a. a whole seeo to, hav.1 ri.-on
slightly in Sea tember-OctoLer, but inuch less thin the noi'rril sen.:ono.l im-
provement. Slightly better activity or. :; -on.l gr, :nds in some countri-s
was more thun offset by the failu-'o of m.y s',:i3on.:l bettermentt in other
countries, particularly CGrmany,


September-October reports indicate the continued pr'.relence of un-
favorable conditions in the German cotton industry. Activity in the in-
dustry throughout Septenber is estimated to huve been not arove 60 per cent
of normal and October brought no material clhinge. If an:,thing, the 'eilure
of general conditions to improve, coupled with the uncertainty of the poli-
tical situation, hnd a dunpening effect o: the denL nd for cotton yrrns.

The development of business was particularly unsatisfactory from the
standpoint of the weoving industry. Normally these are '.bout the best months
for new business in cloth, but bookings showed no improv- :.-nt with the flow
of new orders running at a much lov.'-r level thin last year and even showing
some tendency toward a further decline. Prices teing rc.alized for fabrics
were reported most unsn:tisfoctory ind reports from the ;-.Lving mills indi-
cated very little optinism for..the winter months because, of the general
economic depression.

The index numbers of .mill activity in Ge:.many during Ceptember which
are now available show that the activities s of the spinning and veoving mi ls
were only slightly abovu August. The Cptember index of the spinning mill
activity was C09. pjer c.'nt (the monthly avei-agie July 24 Juno 26 = 100)
compared with 88.8 pur c ;nt during August ind 95 p:r cent during Septe.mber,
1929. The activit:- in the weaving mills during Slptombcr amounted to 66.5
per cent compared with 65.2 p.-r cent during August .nd 69.5 per cent during
Septombe:" last year.

Imports of woven cotton material.: into Germany during Septr.ber
amounted to 1,164,0C0 pounds, 24,000 :cun.~l above August, but 90,000 pounds
below September a :yor ago. Imports of cotton yarn, however, for tho nonth
of September amounted to 4,200,000 pounds compared with 4,949,000 during
August and 4,921,000 during September, 1929.


France continues to be the only important continental country enjoy-
ing reasonably good business in the cotton industry. Septcr.bor and October
reports show little change from the satisfactory lovJls prevailing hitherto.
Consumption of ra:. cotton is apparently running a little below last year,
hon ov-r, as rar cotton imports for th.. first sevcn months of 1930 have a-
mounted to only 199,00C tons as compcr..d with 223,000 tons in the same-
month last yerr.

Reports from the French spinninC industry ev-n point to sone in-
provoment in tho g.ncral position of spinners in October. Mill yarn
stocks are re-orted to have fallen at certain centers end th- volume of
yarn-sales is indicated to be sufficient to assure a satisfactory level of
employment for the irrn.ndiuto future, although prices are unsatisfactory.

The cloth industry continues to maintain previous levels of produc-
tioL, but demand for cotton goods from North Africr- and the colonies has
been slow in resent weeks.


The situation of the Austrian textile industry is unfavorable, but
there has apparently been no recent ch; n'e for the wbrse. Some branches
even show slight signs of seasonal improvement.- Prices in the spinning in-
dustry are slightly higher and there is some belief that the turning point
has been reached. Spinning'activity dropped to-68 per cent in July from 77
in June, but during August increased to 80.1 per cent. compared with
73 per cent and 76 per cent during August, 1929 and 1928 respectively.

Weaving mills are reported to be hampered by strong Czechoslovakian
competition and are asking for higher-protection.


Slightly higher activity is reported .from the Czechoslovakian textile
industry, but it appears that tnis improvement is largely seasonal, even
though reports state that stocks of semIi-manufactured and finished goods
are very low. Takings of raw cotton were low in August, but higher in Sep-
tember. The industry still complains of unremunerative prices.

Exports of unbleached cotton ycrn- during August are. now reported to.
have shown an increase of 70,000 pounds over July -nd amounted to 3,979,000
pounds as compared with 4,198,000 pounds during August, 1929. Exports of *
cotton fabrics of all kinds during the month of August amounted to 6,362,000
pounds compared with 5,569,000 pounds during July r.nd 8,342,000 pounds dur-
ing August a year earlier.


The cotton textile situation in Italy has recently improved somewhat,
as demand for both yarns and fabrics as increased and .exports also show a
slight improvement. The general level of ..ctivity in the industry, however,
still remains well below last year.......


Both the cotton spinning and weaving industries in Belgium report
exceedingly slow sales, with mill activity and production declining, and
workers being laid off.


The Polish cotton situation se ..s to be shoeing general improvement,
though the level of activity is Lbill rcimch reduced as compared with pre-
vious active periods. September takings of raw cotton in landd were larg-
er than in any oth3r months during 193C, and showing a slight tendency-to
increase further. Thu spinning industry reports i'?proved demand for cotton
yarns and prices are considered quite satisfactory, due to high protection.


The demand for finished ,oods is bein, well nrint:,ined. Trn'nsactions
are s:Tnll in vol' ie, but nunmi'ousn', nnd .-'ockn are srmll,

Mills ire mostly buyinr cotton :'or ir.rediate and n-'.r celivuri,',
but some contr:ets hove been !-.drl for more distant datcs. A further increAse
in demand for cotton is expected.


The Japanese mill situation for the ronth ended October 22 was re-
ported somevh, t less buoyant, but the denrnd v-as fairly steady, due largely
to orders for home consunm-tion. Tho addition-l curtailment in mill activity
which become effective October 1 h:-s reduced production below the estimated
requirements. The agreement calls for this curtailed production, vhich
amounts to about C3 per cent, to continue for the remainder of the year,
'his curtailTment in production together with a scarcity of stocks hls placed
ti.e Japanese industry in a more frvor:'ble position.

Production, acIrerge and crop condition reports

United States

Production estim te the November forecast of the 1.)30 crop was
14,458,000 boles of COO pounds gross. This is only 48,000 bales below the
October forecast and -IpproxinTr t:ly 390,000 balos blow production last year.
The indicated average yidld of the Unitud States is 154.2 pounds per acre
which is 0.9 pounds below the ev'erge yield of the 10-year period 1919-1928.
In Texas, Arkansas, ITississippi, North Carolina and Tennessee the indicated
production for conditions up to November 1 v;ns soriv.hat less than was anti-
cipated in th October 1 estirnto. Those declines, however, wore partially
offset by moderate incrucses in Georgia, South Caroline, Al rima, Louisiana
anJ Oklahomr..

Wotathr since IJov-m;nber 1 Froi. -iovcmt'r 1 to November 11 the gather-
ing of the r..mrining cotton crop f'-irly rood progress except for somn:
slight dclcy in thl Zrfst-rn by cold otherr and rain. Picking is
completed, or well along, practically everywhere though considerable cotton
remains in the field in some lo'vlands in the Central Northern Belt. In
Oklahoma, up to Novembcr 11 pici-inr is more than normally advanced, while
in the 2ast as far north as South Carolina, there remains only some glean-
ing to do.

Innings to november 1 Cotton 7innrinrs from the growth of 1';20
prior to November 1 amounted to about 10,86-'.,000 running bales compared
with 10,892,000 and 10,I16,CCG bales girnned up to the corresponding date in
1929 and 1028 respectively, according to the Burea:u of the Census. Prior
to this report gin:nings this year have been running ahead of those of the
past two years.

C-64 -10-

WYorld summary of acreage and production

Cotton acreage in countries reported to date totaled 0.2 per cent
above last year. The principal increases cane in Russia and Egypt. There
was a slight decrease in acreage in both the United States and Indie.
Countries for which production forecasts have been received indicate an in-
crease of 1.2 per cent above last year with the greatest increases in terms
of bales in Russia and Egypt and the largc.t percentage increases in some
of the smaller countries. The estimated production in the United Stales is
2.6 per cent below that for last yoer. Innings in Egypt, however, were
466,000 bales up to November 1 or 97,000 bales below those to the corres-
ponding date last yuer.


Tahle 2.-Cotton: AcrCuLu and pro,idction in countrin. r portion ,
for i.30-3 ., with conporisons

: .vertige
Item and country :1900-10 to
_____: 1915-14
: 1,000

United States .........
India 1/................ :
Russia (Asiatic) ......
Egypt .................. :


* 1928-2.-

1,O00 :

: 7 :

: 21,70C':
,: ,2'1:
: 1,805:



: :P..r ..-nti oc
;.'-30 : 1.L0-1 :1930-21 is
: :of 1i .2-20
C00 C : 1,000 : 0'or
r.s : 'cr.:s : cent
: 4: 37.8
5,793: '4,?01: 37.8
C,812: 2C0,06: 98.5
2,; 60: 3,7e8: 147.2
1,912: 2,162: 113.1

Alaouito :
(Syria and Lebanon) 9 17: 37: 217.6
Chosen ................. : 146 : 503: 459: 463: 100.9
Total above countries : 5',659 : 71,611: 71,553: 71,727: 100.2
Estimated world totil :
excluding China ......: 62,500 : 82,400: 81,970: _
: 1,000 : 1, 0 : 1 f,000 : 1,000 : Per
b: b : b:.lcs : bales : bales : cent
United States ..........: 13,033 : 14,478: 14,828: 14,438: 97.4
Russia ................. : '05 : 1,137: 1,351:3/ 1,950: 144.3
Egypt ..................: 1,453 : 1,672: 1,725: 1,743: 1C1.0
Mexico .................: 18 : 278: 225:_/ 200: 88.9
Chosen (Korea) .........: 20 : 150: 136: 152: 110.1
Greece ..................: 13 : 15: 35: 40: 114.3
Union of South Africa ..: 10: 8: 12: 150.0
Algaria ................: 1 : 6: 8: 6: 75.0
Total abov3 countries :_ : 17,746: 18,318:: 18,541: 1C1.2
Estinatcd world total :
including China ......: :_ 26,100: 26,200:
Official sources and Int..rnat onal Institute of Agriculture , as noted.
i/ Second osti;'nt, which includes ar-a planted i;p to Octob.r 1.
_/ In bales of 478 pounds n-.t.
3/ Estimate of the Soviet Government as rc:orted by Agricultu'-al Commrission-
or Stooro of B .-lin.
4/ From an unofficial source.

Compiled by the Foreign Sjrvic.; of thj Buro:.u of Agricultur.l Econonics from
the latest available sources rocciv-d up to IIov.mb-:' 8 rz to cotton
and production in foreign countries.




The area planted to cotton in Iidia up to October 1 of this season is
estimated to be 20,506,000 acres compared with..20,612,000 acres or 99 per
cent of the area planted to the same date-last season, according to a cable
received by the Bureau of Agricultural Economics from the Indian department
of Statistics at Calcutta.

The revised estimate of the total area planted in India last season
was 25,692,000 acres. During ..he last fifteen years the estimate of the
area planted to cotton in India up to October 1 has aver- ed 83.1 per cent
of the final estimate and the range has been from 75.2 per cent to 91.4 per
cent of the fin-l estimate. The first foi'ecnst of the production of the
Indian crop is expected soon aftor Decenbcr 15.


The production of cotton in Asiatic Russia is now estimated to be about
1,950,000 bales of 478 pounds net, according to a cable received by the
Foreign Service of the Bureau of Agricultural Economics-from Agricultural
Commissioner Steere at Berlin. Last s-.-aon the Russian crop was estimated
to be 1,351,000 bales.


The production of cotton in Chosen (Korea) is now estimated to be
152,000 bales of 478 pounds net according to a cable received from the Inter-
national Institute of Agriculture at Rome; Last season's crop was estimated
to be.138,000 bales.


This season's crop in China is expected to be somewhat larger than
last season-'s croo of 1,752,000. bales of 478 pounds net. according to a cable
received from Agricultural Commissioner Iyhus. In the Tungchorv district,
north of Shanghai, the crop is not as large as was anticipated, but in the
Hankow district, and the northwest the crop is considerably larger than last


The crop in Mexico is not expected to exceed 200,000 bales, record-
ing to unofficial reports. This comp-ires with rn estimated production last
year of 225,000 bales.


Unofficial reports from Egypt state that the quality of the croo this
year is somewhat below normal. The first estimate of the Egyptian crop was
1,743,000 bales of 478 pounds net or an increase of 1.0 per cent. The
second production estimate is due the errly part of December.

* ii



* Ii~i~ilil


?"'i S'ull- r.o* 'l : ;

Special analysis of the world cotton situ-ttion

Th'e urenU of0 Agricultu. 1 iconroics hos prco'red a statement
called "Cotton F-cts" for the uc- of Sc-ithrn A.gricultural workle-; Lfnd
in cooperation with stcita workers at Atl- nt C eorgiri, ',ovenrer 10-14
issued outlook st:.tements on cotton .nd other: crops of interest to the
South. All of t!.ese reports Lar now being prepared for General distri-
bution. Copies he obt- it.ed upon request.

Cotton policy reversal urged o'1 Eg:'.rtiuiin goverrn;ent

It hr;s been recommended tht the Egy-,ticn government 'abstin
from intervention in the E-ypti: n cotton mn. *let and instead of limita-
tion of acreage to be pl.:nted should crcourre extension in acretge and
increase in yield per acre by the use of artificial m: nurses and the sow-
ing of p're str:!ins of seeds. This recomnendr tion was in a report
submitted to the Egyptian government .3s L result of an inquiry recently
conducted by that governm.ient. This is contrary to the policy pursued
during recent years us they have endeavored to restrain production nd
on a number of occasions h?:ve intervened in the Egypti'n cotton market.

-- --

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C-,4 C1':"T-TS P": -

1 .orl1', Spros:pcts ...................... -
2 Prices .
3 Stock!s cld movements ................ 3
4- Tecxtilc situation .................... 6
5 ro- . . 6 9
6 Proi'.:ction, acrece cro, coili tion reports .. .. .. -12
7 i'iscello:.eous news . ... 13


1 Co. ton: 1.'orld visible su.x.1?y -o A:nericin :-'ld other growths
o. .:cvember 14,, 12 ,. 1 -:. 1930 ........ 4
2 Cotton: Acrc.eo and prod.u.:tio. in -2ountries reporting, for
1S93'.-31, with coI.'L..,.risons . 11

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